Kathmandu. Nepal Rastra Bank (NRB) has decided to raise deposits of Rs 80 billion from the market.

Nepal Rastra Bank (NRB) is set to raise Rs 80 billion on July 15 due to high liquidity in the market. Banks will get back the principal and interest of Rs 80 billion that the Rastra Bank is going to raise for a period of 56 days.

According to the bank, banks and financial institutions of ‘A’, ‘B’ and ‘C’ categories can keep deposits equivalent to the number of undecided points in the Rastra Bank if they divide by a minimum of Rs 100 million and a maximum of Rs 50 million.

Bids can also be made at multiple interest rates. According to the NRB, the lowest interest rate as per the bid has been given first priority while allocating the amount called for deposit collection.